Fill the bottle with water, with a finger over the hole, and hold it over a sink.
Let the water stream out of the hole. Ask a student to shine the laser through the bottle and into the start of the stream.
The laser light will be reflected from the sides of the inside of the stream, so it stays inside the stream of water even as it curves, so lighting up the water stream. There is a point where the stream curves too steeply for the internal reflection to continue.